Time New York: Sun 05 Jul 15:27 pm  |  Save 15% on H&R Block Online

  
caticonslite_bm_alt

Univar to Distribute Vink Chemical’s Biocides in Brazil

Zacks

Univar Solutions Inc. UNVR has reached an agreement with Vink Chemicals, a specialty biocide and biocidal products maker, to distribute a portfolio of biocides in Brazil.

The new authorization from Vink includes brands for a wide range of industries like energy, performance chemicals, homecare and industrial cleaning. It also includes sealants, coatings, adhesives and elastomers.

Univar will now supply Vink's brands like Vinkocide, Grotanol, Parmetol, Grotan, Stabicor and Grotamar in Brazil. Application areas include film preservation of paints and varnishes, construction chemicals, coolants, in-water treatment, cleaners, detergents and disinfectants for the polymer industry.

Per management, Vink's in-depth biocide knowledge and technologies combined with the different product lines from the Univar's portfolio will provide customers with a comprehensive approach to develop next-generation end products.

Univar’s shares have lost 25.4% over a year compared with 18.8% decline recorded by its industry.


In first-quarter 2020 earnings call, Univar withdrew its adjusted EBITDA guidance for 2020 due to the impacts of the coronavirus outbreak. The company also reduced its expected capital expenditures to $95-$115 million from $120-$130 million for the year.

Univar is expected to gain from its continuous market expansion and acquisitions. The buyout of Nexeo Solutions enhances its capabilities and accelerates the company’s ability to create significant value for customers, supplier partners, employees and shareholders. The company is also focused on cost management and productivity actions, which are supporting its margins.

However, Univar is exposed to headwind from a sluggish demand environment. Weak demand from global industrial end markets is likely to exert pressure on volumes.

Zacks Rank & Key Picks

Univar currently carries a Zacks Rank #3 (Hold).

Some better-ranked stocks in the basic materials space are Sandstorm Gold Ltd SAND, Harmony Gold Mining Company Limited HMY and AngloGold Ashanti Limited AU, all carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here.

Sandstorm Gold has an expected earnings growth rate of 33.3% for 2020. The company’s shares have surged 71.8% in the past year.

Harmony Gold has an expected earnings growth rate of 28.6% for fiscal 2020. Its shares have returned 87.7% in the past year.

AngloGold has an expected earnings growth rate of 109.9% for 2020. The company’s shares have surged 71.3% in the past year.

Biggest Tech Breakthrough in a Generation

Be among the early investors in the new type of device that experts say could impact society as much as the discovery of electricity. Current technology will soon be outdated and replaced by these new devices. In the process, it’s expected to create 22 million jobs and generate $12.3 trillion in activity.

A select few stocks could skyrocket the most as rollout accelerates for this new tech. Early investors could see gains similar to buying Microsoft in the 1990s. Zacks’ just-released special report reveals 8 stocks to watch. The report is only available for a limited time.

See 8 breakthrough stocks now>>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

To read this article on Zacks.com click here.
<-- You can share this post with your network,
or give us your opinion and leave a comment.
Be sure to check our RSS feeds for updates.